What are you paying buyers agents?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

Personally I wouldn't use one, but shop around if you do. 2.5% is highway robbery and you're unlikely to find a seller to pay that. See if you can get one for 1% before committing to 1.5%.

I say this as a seller with a home for sale (not DMV) that still has higher realtor fees. Even there, I wouldn't consider paying more than 1-1.5% in seller concessions.

In the DMV, you can get much better deals on realtor commissions as both a seller and a buyer.

If you're not in the DMV, how are you getting your intel that most DMV buyer's agents are taking 1-1.5% now?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

Personally I wouldn't use one, but shop around if you do. 2.5% is highway robbery and you're unlikely to find a seller to pay that. See if you can get one for 1% before committing to 1.5%.

I say this as a seller with a home for sale (not DMV) that still has higher realtor fees. Even there, I wouldn't consider paying more than 1-1.5% in seller concessions.

In the DMV, you can get much better deals on realtor commissions as both a seller and a buyer.

If you're not in the DMV, how are you getting your intel that most DMV buyer's agents are taking 1-1.5% now?

It's a second home.

[Anonymous]

If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.

[Anonymous]

If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.

+1

[Anonymous]

Anonymous wrote:If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.

Good luck with that

[Anonymous]

Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

It isn’t your problem. Their client will owe the other 1 percent.

I mean, the client might withdraw the offer because of that. But it’s not your problem otherwise.

[Anonymous]

I’m paying them in hope for future business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.

Good luck with that

Right?

Because good luck with negotiating competitive pricing in the industry of price collusion, kickback-ery and fraud.

Good luck indeed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

It isn’t your problem. Their client will owe the other 1 percent.

I mean, the client might withdraw the offer because of that. But it’s not your problem otherwise.

The question is about about whether 1.5% is reasonable for a buyer to ask their agent to agree to when the agent is asking the buyer to sign an agreement that the buyer's agent will get 2.5%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bumping. Is 1.5% a reasonable amount to offer a buyer's agent? They're asking for 2.5%.

It isn’t your problem. Their client will owe the other 1 percent.

I mean, the client might withdraw the offer because of that. But it’s not your problem otherwise.

The question is about about whether 1.5% is reasonable for a buyer to ask their agent to agree to when the agent is asking the buyer to sign an agreement that the buyer's agent will get 2.5%.

The answer is to find a different realtor. 2.5% is ridiculously high these days. 1-2% is the norm for people even using buyer agents.

How could you ever trust an agent that asked you to pay 2.5%?

[Anonymous]

Based on my experience, I don't think 2- 2.5% is outside the norm in DC to pay a seller's agent. And I am offering 2% to a buyer's agent. That's my choice, to help me market it. It's baked into my asking price. But, you do you.

[Anonymous]

Anonymous wrote:Based on my experience, I don't think 2- 2.5% is outside the norm in DC to pay a seller's agent. And I am offering 2% to a buyer's agent. That's my choice, to help me market it. It's baked into my asking price. But, you do you.

OP is asking about buyer's agents. 2.5% is outside of the norm (too high).

[Anonymous]

Anonymous wrote:

Anonymous wrote:If I sell, I would pay my seller's agent 1% and nothing to a buyer's agent. If the buyer wants to get an agent, they have to pay for it themselves.

Good luck with that

DP, why? My house is worth 1.7M and would sell in a nano second. Is $17,000 a bad deal for 1.5 days work?

[Anonymous]

We just got an offer with no buyers agent and our selling agent reduced commission to 2.5%

[Anonymous]

Anonymous wrote:We just got an offer with no buyers agent and our selling agent reduced commission to 2.5%

I wouldn't pay a sellers agent a dime over 2.